Competitive advantage: what's luck got to do with it?. Management Decision, 40(6), 525-536.Ma, H. (2002). `Competitive advantage: What's luck got to do with it?' Management Decision, 40, pp. 525-536.Ma, H. (2002
When your day hasn’t gone right and you’ve succumbed to the temptations of multitasking and you leave the work day with most of your to-do’s unchecked, give yourself permission to just let it go. Ruminating on the past one of the least productive things you can do. Research suggests...
This may have to do with product development, research, or technology. The product may also be durable and made of high-quality materials. 2. Pricing: Low prices create a competitive advantage for a business, particularly if other factors such as quality are not well-positioned to be ...
Competitive advantage isn’t easily created or duplicated. If it could be easily copied, then it might be considered growth opportunity rather than competitive advantage. Your competitive advantages focus more onlong-term success, meaning it will take a competitor longer to replicate what you’re d...
Discover how to do a competitive analysis w/ our free template. Learn the definition, steps, & benefits of competitor comparison with DHL.
Interestingly, many organizations see regulatory compliance as an unexpected source of competitive advantage. The ability to deliver high quality, trustworthy AI systems that are regulation-ready will give first movers a significant advantage in the short-term, enabling them to attract new customers, re...
Using different tools will help you find all kinds of competitors that you can analyze on behalf of your current or potential client. Yet the question remains: how do you find competitors that aren’t too big or too small, but just right? To do this, you may have to do a number of ...
In the startup world, it can seem like everything is a competition. However, there are many ways to gain an advantage over your competitors. So, this post will cover five foolproof strategies for gaining a competitive edge as a startup company. If you’re interested in learning more about...
As companies transform into software-driven enterprises, bringing high-quality applications to market faster becomes one of the most critical differentiators. According to a global study — The Battle for Competitive Advantage in the App Economy — commi
I’ll walk you through how to analyze other businesses in your space so you can maintain a competitive edge. 1. Decide on Goals and Scope Start by getting clear on the purpose of your audit. What do you want to uncover and why? For example, you might want to: ...